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August 2012 Book Review

August 31, 2012

Family Legacy and Leadership: Preserving True Family Wealth in Challenging Times

Written by Mark Haynes Daniel and Sara S. Hamilton © 2010

This book would be a perfect textbook for family owned businesses. It is very clearly and concisely written, and is organized in a more academic way in which concepts are presented and excerpts  from other family business thinkers, books, or case studies are incorporated as an additive feature (usually in light-blue cutouts).  It is important to emphasize the vast array of experience and knowledge the authors have but also to consider that it is not an ‘easy-read’ because of the sheer amount of information being presented. The book also has checkpoints and questions for progression on each topic at the end of each chapter.

They coined their own phrase called a ‘Legacy Family’, which includes emphasizing family legacy, history, family wealth, and a tangible strategy which all starts with a detailed understanding of who/what that particular family ‘is’. This is based on their research and practice with successful family businesses. They assert that “protecting and building a true definition of legacy is all about identifying and preserving what the family holds most dear – through time and across generations.”

Renée Montoya Lado M.S., N.C.C

President, Strategic Designs for Learning

Family Owned Business Network  Book Review Chair & Editor

Natalie McVeigh, MBE

Research Analyst, Strategic Designs for Learning

Family Owned Business Network  Senior Book Reviewer

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